Some months can be financially harder than others, we get it! We offer Skip-A-Payment for those times when you need it most.
By submitting a Skip-A-Payment Request to America's Credit Union, you're requesting that your monthly payment be deferred. Interest will continue to accrue on the unpaid balance and a $25.00 fee will be collected as part of the next payment.
- You can only skip one payment, per loan, in a 12-month timeframe.
- A minimum of 6 monthly payments must have been made prior to the first skip.
- The request needs to be within the 19 day grace period of the payment date.
- All accounts must be in good standing with ACU.
Your loan agreement with ACU will remain the same and this does not change your legal obligation to repay your loan as outlined in your loan agreement.
Skip-A-Payment is not available for Mortgages, Home Equity Loans, Line of Credit Loans, and Visa® Credit Cards.